Which of the Following Should Not Be Included When Calculating

question 115

Multiple Choice

Which of the following should not be included when calculating accounting profit?

• A)The cost of taxes.
• B)The return on the next best alternative investment opportunity.
• C)The cost of rent.
• D)The cost of utilities.

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Definitions:

Reflexive

A property of binary relations where every element is related to itself; often discussed in mathematics and logic.

Transitive

A property in logic and mathematics where if relation A relates to B and B relates to C, then A must relate to C.

Utility Function

A utility function is an economic model that relates the satisfaction or utility a consumer derives from consuming specific quantities of goods and services.

Whisky Consumption

It refers to the amount of whisky that is consumed over a given period of time, indicating the demand for this specific alcoholic beverage.